Ivory Insurance to offer underwriting capacity and specialised expertise to MGAs, targeting professional indemnity, IT liability, and general liability cover for SMEs.
Predicted CAGR rate of 11.8% will catapult APAC's liability insurance industry from US$39.4bn to US$61.7bn, with China being the largest contributor, according
Data from APRA show costs for public liability and professional indemnity premiums are skyrocketing, however a change in accounting methods could be a factor.
In May, BYD was granted approval for the purchase of Yi’an Property and Casualty Insurance and insiders suggest its latest move means its nearly ready to enter China's motor insurance market.
